Kentlands Community Foundation Inc
- Assets
- $270.0k
- Revenue
- $294.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Gaithersburg, MD
- Founding
- 07/1994
- Data as of
- 12/2023
- EIN
- 52-1857420
Organization Overview
Kentlands Community Foundation Inc is located in Gaithersburg, MD. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentlands Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kentlands Community Foundation Inc generated $294.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $334.5k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE KENTLANDS COMMUNITY FOUNDATION IS A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION ROOTED IN KENTLANDS. THE FOUNDATIONS MISSION HAS THREE BRANCHES: TO SERVE AS AN EDUCATIONAL RESOURCE ON THE LANDMARK NEW URBANIST COMMUNITY THAT IS KENTLANDS, TO BUILD COMMUNITY BY SUPPORTING LOCAL ARTS AND CULTURAL PROGRAMS, AND TO PROVIDE OPPORTUNITIES FOR VOLUNTEERISM AND COMMUNITY OUTREACH. THE FOUNDATION BELIEVES THAT THE NEIGHBORHOOD IS THE HEART OF COMMUNITY LIFE. OUR GOAL IS TO HELP CONNECT INDIVIDUALS AND FAMILIES IN WAYS THAT ENHANCE EVERYDAY LIFE AND ENCOURAGE CIVIC INVOLVEMENT. ALL PROGRAMS ARE OPEN TO THE PUBLIC, AND VOLUNTEERS ARE ALWAYS WELCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARTIST COLLECTIVE (A/K/A ARTIST GALLERY'S) MISSION IS TO BRING ART TO THE COMMUNITY, IN ADDITION TO SUPPORTING THE LOCAL ARTS COMMUNITY THROUGH SALES OF JURIED MEMBER ARTWORK.
MUSICA VIVA KENTLANDS (AKA CLASSICAL CONCERT): IS COMMITTED TO BRINGING CLASSICAL MUSIC PERFORMED BY PROFESSIONAL MUSICIANS TO OUR COMMUNITY. THESE FREE CONCERTS SEEK TO RAISE APPRECIATION FOR CLASSICAL MUSIC BY MAKING IT ACCESSIBLE FOR ALL. KENTLANDS UNDER THE LIGHTS: IS A COMMUNITY WIDE CELEBRATION THAT BRING FAMILIES AND FRIENDS TOGETHER TO DINE UNDER THE LIGHTS AND STARS
SPONSOR 5K RACE. PROMOTE NEW URBANIST COMMUNITIES AND VOLUNTEERISM
THE PURPOSE OF THE VILLAGE AT KENTLANDS AND LAKELANDS IS TO CREATE A COMMUNITY WHERE NEIGHBORS HELP NEIGHBORS 55 AND OVER AGE WITH PURPOSE THROUGH SOCIAL CONNECTEDNESS, CULTURAL ENRICHMENT AND SUPPORT IN DAILY LIVING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Fogle Chair | OfficerTrustee | 14 | $0 |
Ron Thelin Vice Chair | OfficerTrustee | 15 | $0 |
Rob Garretson Vice Chair | OfficerTrustee | 2 | $0 |
Stephen L Rambo Treasurer | OfficerTrustee | 15 | $0 |
Ailene Renzi Secretary | OfficerTrustee | 5 | $0 |
Charlie Shull Member At La | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,939 |
| Total Program Service Revenue | $130,201 |
| Investment income | $4,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,275 |
| Advertising and promotion | $9,249 |
| Office expenses | $34,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,128 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,749 |
| All other expenses | $1,535 |
| Total functional expenses | $334,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,354 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $102,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $270,047 |
| Accounts payable and accrued expenses | $13,978 |
| Grants payable | $0 |
| Deferred revenue | $2,415 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,393 |
| Net assets without donor restrictions | $253,654 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $270,047 |